TSC Annual Report 2024 final - Flipbook - Page 63
Notes - Financial statements
Calculation of fair value
The following is a summary of the primary methods and assumptions that have been used to determine the fair value
of 昀椀nancial instruments, which are reported at fair value in the balance sheet:
Level 1
Level 3
For financial instruments listed on an active market
(investment assets) the fair value is based on the asset’s
listed purchase price on the reporting date, not including
transaction costs (e.g. brokerage fees). Future transaction
costs related to disposal are not taken into account.
The Club uses an evaluation by an independent nominee
based on the latest information available.
The table below provides information on how fair value is
decided for 昀椀nancial instruments that are measured at fair
value in the balance sheet.
Level 2
Capital requirements
In those few instances where prices are not directly available,
valuation has been made by an independent nominee, who, by
own account, has used price components that can be observed
on the market and which therefore are included in Level 2.
FI’s (the Swedish 昀椀nancial supervisory authority) oversight
of insurance companies includes a quarterly reporting
requirement on Solvency Capital Requirement (SCR) and own
funds. SCR at the end of 2024 was USD 169 million and eligible
own funds were USD 315 millionSurplus of registered assets.
2024
Level 1
Level 2
Level 3
Total
Shares
Bonds and other interest-bearing securities
76,547
370,629
20,345
11,461
19,229
88,008
410,203
Total
447,176
20,345
30,690
498,211
Note 3. Premiums written, gross, by geographic area
Greece
China
Singapore
Germany
Hong Kong
Sweden
Taiwan
Norway
Cyprus
Other countries
2024
2023
70,149
38,476
30,340
18,557
12,212
11,319
8,221
7,432
5,970
41,095
62,513
41,612
29,880
21,450
12,472
11,727
5,243
6,798
7,833
43,102
243,771
242,632
The Swedish Club | Annual Report 2024
63
